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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Measurements  
Schedule of company's assets that are measured on a recurring basis

    

Quoted Prices in

    

Significant Other

Significant Other

Active Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

    

(Level 2)

    

(Level 3)

Assets

Cash held in Trust Account

 

$

30,596,953

 

$

$

Liabilities

Warrant liabilities

$

$

$

24,750

Convertible promissory note

$

$

$

642,041

    

Quoted Prices in

    

Significant Other

    

Significant Other

Active Markets

Observable Inputs

Unobservable Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Assets

Investments held in Trust Account

$

30,293,789

$

$

Liabilities

Warrant liabilities

$

$

$

16,500

Convertible promissory note

$

$

$

332,553

Schedule of change in the fair value of the private warrant liabilities

Private warrant liabilities at December 31 2021

    

$

145,750

Change in fair value of private warrant liabilities

 

(129,250)

Private warrant liabilities at December 31, 2022

16,500

Change in fair value of private warrant liabilities

8,250

Private warrant liabilities at March 31, 2023

$

24,750

Schedule of quantitative information regarding level 3 fair value measurements for the private warrant liability

March 31, 2023

December 31, 2022

Exercise price

    

$

11.50

    

$

11.50

Share price

$

10.22

$

10.07

Volatility

2.4

%

1.2

%

Expected life of the options to convert (in years)

2.8

3.1

Risk-free rate

3.87

%

4.21

%

Dividend yield

%

%

Promissory Note - Related Party  
Fair Value Measurements  
Schedule of quantitative information regarding level 3 fair value measurements for the private warrant liability

    

March 31, 2023

December 31, 2022

 

Conversion price

$

10.00

$

10.00

Share price

$

10.22

$

10.07

Volatility

 

2.4

%

1.2

%

Expected life of the debt to convert (in years)

 

0.04

0.58

Risk-free rate

 

4.68

%

4.70

%